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The Latest Breaking News from Larry Ellison

Jensen Huang, Larry Page, and Sergey Brin Lose $27B Combined; Musk and Zuckerberg Grow Richer

Elon Musk and Mark Zuckerberg's fortunes soared, while Larry Page and other tech billionaires faced steep losses on the Forbes list, highlighting tech stock volatility.

International Business Times UK

Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'

The AI boom has turned the standard profit margin model on its head, according to Apollo chief economist Torsten Slok—and it’s making the industry’s growth unsustainable.

Fortune

Bari Weiss’s overhaul of CBS News has been rocky. But her 60 Minutes revamp will be the ultimate test

Ten months into her tenure as editor in chief, Weiss’s biggest – and riskiest – bet is getting closer to taking flight

The Guardian - US

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Paramount concessions lead UK to approve takeover of Warner Bros

Culture secretary Lisa Nandy says she will not intervene in £85bn deal after securing guarantees on Channel 5

The Guardian - UK

David Ellison claims opposition to his mega-merger stems from potential CNN control

With $111bn deal to acquire cable network’s parent company stalled in courts, Ellison courts public

The Guardian - US

Judge says Paramount and Warner Bros Discovery must halt merger for at least two weeks

A federal court has intervened to temporarily suspend the merger of Paramount and Warner Bros Discovery following objections from twelve states concerned about competitiveness in the film industry. The judge’s restraining order will pause the merger for a minimum of two weeks, providing the states the opportunity to argue their…

The Economic Times

MAGA merger will make movies boring

The Paramount/Warner Bros. merger will suck the joy out of TV and movies

Salon

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This US tech billionaire once begged power companies to keep his electricity on, faced rejection from almost every investor, now owns a $300 million Hawaiian island

Larry Ellison, the co-founder of Oracle, once struggled to pay his electricity bills for his computer and faced investor rejection while building his early software products. Later, he named his company Oracle after a CIA project code. Ellison purchased nearly all of a Hawaiian island for three hundred million dollars.

The Economic Times

Billionaire Larry Ellison once struggled to pay his electricity bills to keep his computer running. Now, the Oracle co-founder has written a $300 million cheque to buy a Hawaiian island three times the size of San Francisco

Once grappling with utility bills for his workshop, tech magnate Larry Ellison transformed his fortunes by acquiring 98 percent of a Hawaiian island for a staggering $300 million. Now residing full-time on Lanai, he envisions a luxury destination coupled with a sustainable community. Despite fluctuations in his wealth driven by…

The Times of India

The team behind Windows NT sent 'black cardboard coffins' and fake dog poop to their rivals back in the 90s, because nerds

Halcyon days.

PC Gamer

Oracle Leads AWS, Microsoft, Google in Race to Build Japan's Secret Cloud Project to Counter Chinese Hacking Threats: Report

Oracle Corporation (NYSE:ORCL) is reportedly leading the race to provide high-security cloud services to Japan. This move is crucial for secure intelligence sharing between Tokyo and its allies.

Benzinga

Paramount could soon ditch Hollywood headquarters and head out of state under Trump-allied new owner: report

The merger of Paramount and Warner Bros. Discovery would see CBS, CNN, HBO, Nickelodeon and the Warner Bros. and Paramount film studios, among other properties, all under the same roof

The Independent UK

US state attorneys general file lawsuit in effort to block Paramount merger

Bipartisan group argue in lawsuit that $110bn merger would hurt competition and lead to thousands of job losses

The Guardian - US

California, 11 states suing to block Paramount's $110 billion Warner Bros deal

California and eleven states are suing to block Paramount's acquisition of Warner Bros. Discovery. They allege the deal would lessen competition in film distribution and cable television markets. This lawsuit poses a serious threat to Paramount's bid to compete with Netflix and Disney. Paramount claims the deal will allow more…

The Economic Times

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The Economic Times

Oracle billionaire Larry Ellison once sued the city of San Jose to land his private jet at midnight—but bought his $490 million megayacht over lattes and two emails and no lawyers were involved

Tech billionaire Larry Ellison commissioned his superyacht Rising Sun with just two emails. This deal contrasted sharply with his extensive legal battles over smaller matters. Designer Jon Bannenberg created the yacht's final masterpiece largely without modern computer design tools. This is surprising because Larry Ellison sued the city of San…

The Times of India

Billionaire Larry Ellison once fought the entire city of San Jose so he could land his private jet at midnight, but when it came to buying a $490 million megayacht, he did it over lattes and two emails

Larry Ellison, the tech titan, exemplifies contrasts through extravagant purchases and turbulent legal encounters. His lavish superyacht was created with little legal fuss, showcasing a whimsical side. Yet, after five years, he embraced minimalism amidst a notable drop in his wealth due to stock market changes. As Oracle’s fiscal health…

The Economic Times

US states could sue next week to block Paramount-Warner Bros deal

Several U.S. states are preparing to sue and block Paramount's acquisition of Warner Bros. Discovery. California is leading the investigation into potential antitrust violations and harm to competition. Actors, writers, and theater owners also oppose the merger, fearing job losses and reduced consumer choice.

The Economic Times

US states could sue next week to block Paramount-Warner Bros deal, sources say

Several U.S. states are preparing to sue Paramount over its Warner Bros. Discovery acquisition. California is leading the investigation into potential competition law violations. This merger faces opposition from Hollywood actors and theater owners fearing job losses. Paramount argues the combination will help it compete for audiences and talent. A…

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Benzinga

Benzinga Bulls and Bears: AeroVironment, Reddit, Oracle — And Stocks End Week on High Note

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

The Independent UK

Top CNN star to leave network ahead of Paramount takeover and possible Bari Weiss leadership

The merger would put both CBS and CNN under the same ownership, causing worries for CNN staff

Benzinga

Oracle Stock's Worst Month Since 1990: What's Breaking Larry Ellison's Empire?

Oracle Corp. (NYSE:ORCL) just gave back everything, and then some.

The Independent UK

Trump bought up to $5M of stock in Taser company right before $220M ICE bid

Police technology manufacturer stands to benefit from administration’s plans to massively expand immigration enforcement

International Business Times UK

Larry Ellison's AI Fortune Keeps Growing While Oracle Cuts Jobs: Here's Why

Larry Ellison's wealth is soaring as Oracle's AI infrastructure investments boost investor optimism, despite workforce reductions. Explore the impact of AI on Oracle's share price and future growth.

Cinemablend

I Keep Thinking About David Letterman Comparing The Late Show Ending To An Adult Bookstore

Not the analogy I'd expected.

The Independent UK

Anderson Cooper makes his feelings crystal clear on working for Bari Weiss at CBS News

Paramount’s merger with Warner Bros. Discovery will put both CBS and CNN under the same ownership

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